TOLToll Brothers Inc.
Earnings Recap
• Reported GAAP EPS of $4.58 down -1.93% YoY • Reported revenue of $3.42B up 2.70% YoY • Toll Brothers expects full FY 2026 deliveries to be 10,300 to 10,700 units at an average delivered price of $970,000 to $990,000. Adjusted home sales gross margin is projected at 26.00% for the full fiscal year.
Bullish
Toll Brothers achieved higher home sales revenues and delivered units, alongside a strong cash position and improved debt-to-capital ratio. The company also expanded its selling communities and secured land for future growth.
Bearish
Toll Brothers experienced declines in net income, pre-tax income, and gross margins, coupled with reduced contract value and backlog. Increased cancellation rates and higher land impairments also impacted performance.